How do I know if I will qualify for a pool loan?

To check your creditworthiness for a pool loan, the best approach is to begin with a credit evaluation. Ask your pool builder if you can complete a single or joint application to run a free credit check for review.

A finance specialist can evaluate the credit report for your overall creditworthiness, and he or she can look for lenders with criteria that best aligns with your credit profile. Some of the factors taken into consideration include your FICO score, debt-to-income ratio, and amount of unsecured credit.